omnichannel merchandise comprehensive mfp solution …€¦ · omnichannel environment as well as...

© The Parker Avery Group. All Rights Reserved. Learn more about us at: www.ParkerAvery.com Or contact us at: 770.882.2205 [email protected] The Parker Avery Group is a boutique strategy and management consulting firm that is a trusted advisor to leading retail companies. We specialize in solving merchandising, supply chain, store operations and multi-channel commerce challenges. We combine deep experience and thought leadership with proven consulting methodology to deliver world-class results for our clients. client A $340M privately-owned, multi-channel specialty sports equipment and apparel retailer with a heritage as one of the world’s oldest mail-order businesses. results The client successfully implemented a new merchandise planning solution that supports their desired omnichannel environment as well as their future business and IT initiatives. Not only was the solution delivered on time and on budget, but the company also seamlessly transitioned into a new planning organization and integrated the merchant and planning teams to utilize new strategic and collaborative processes. Comprehensive MFP solution implementation to optimize retail sales planning and inventory cost planning and enable a holistic, global view of the company. Moving from an environment dependent on stand-alone legacy systems and heavily reliant on spreadsheets, the client recognized the need for outside perspectives to break through old ways of thinking and move away from their existing, highly manual processes. After working with The Parker Avery Group in evaluating and selecting a Merchandise Financial Planning (MFP) system, the client wanted to ensure their merchants would take full advantage of the new system’s capabilities. challenge parker avery solution Leveraging deep knowledge of the client’s existing processes and organization, as well as retail leading practices, Parker Avery partnered with the client in designing and implementing the selected MFP solution and a new organization that would support current and future state business as well as longer term business and IT goals such as assortment and item planning. The overall solution addressed people, process and technology to optimize retail sales planning and inventory cost planning across store and warehouse operations and enable a holistic view of the company over multiple countries. Key Parker Avery activities included: • Project management to deliver within specified budget and timeline • Development of future state omnichannel planning process • Configuration of system workflow and views in the predictive application server • Development and design of standard reporting to support the planning process and create plan transparency across the organization • Development of business test scripts and leading user acceptance testing • Change management leadership – development of training plan and communication strategy • Organization design – assisting in the creation of new roles and responsibilities, writing job profiles and developing the transition plan • Development of training materials and conducting system training Women’s Retail Catalog Digital single pool of inventory Retail Men’s Women’s Specialty DC Inventory Catalog Men’s Women’s Specialty Digital Men’s Women’s Specialty NA / AP NA / AP Migration to Future State Omnichannel Merchandise Financial Planning System Implementation

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Page 1: Omnichannel Merchandise Comprehensive MFP solution …€¦ · omnichannel environment as well as their future business and IT initiatives. Not only was the solution delivered on

Learn more about us at: www.ParkerAvery.com

Or contact us at: 770.882.2205 [email protected]

The Parker Avery Group is a boutique strategy and management consulting firm that is a trusted advisor to leading retail companies. We specialize in solving merchandising, supply chain, store operations and multi-channel commerce challenges. We combine deep experience and thought leadership with proven consulting methodology to deliver world-class results for our clients.

client A $340M privately-owned, multi-channel specialty sports equipment and apparel retailer with a heritage as one of the world’s oldest mail-order businesses.

results The client successfully implemented a new merchandise planning solution that supports their desired omnichannel environment as well as their future business and IT initiatives. Not only was the solution delivered on time and on budget, but the company also seamlessly transitioned into a new planning organization and integrated the merchant and planning teams to utilize new strategic and collaborative processes.

Comprehens ive MFP solution implementation to opt imize retai l sales p lanning and inventory cost planning and enable a hol ist ic , g lobal v iew of the company .

Moving from an environment dependent on stand-alone legacy systems and heavily reliant on spreadsheets, the client recognized the need for outside perspectives to break through old ways of thinking and move away from their existing, highly manual processes. After working with The Parker Avery Group in evaluating and selecting a Merchandise Financial Planning (MFP) system, the client wanted to ensure their merchants would take full advantage of the new system’s capabilities.

challenge

parker avery solution Leveraging deep knowledge of the client’s existing processes and organization, as well as retail leading practices, Parker Avery partnered with the client in designing and implementing the selected MFP solution and a new organization that would support current and future state business as well as longer term business and IT goals such as assortment and item planning. The overall solution addressed people, process and technology to optimize retail sales planning and inventory cost planning across store and warehouse operations and enable a holistic view of the company over multiple countries. Key Parker Avery activities included:

• Project management to deliver within specified budget and timeline

• Development of future state omnichannel planning process

• Configuration of system workflow and views in the predictive application server

• Development and design of standard reporting to support the planning process and create plan transparency across the organization

• Development of business test scripts and leading user acceptance testing

• Change management leadership – development of training plan and communication strategy

• Organization design – assisting in the creation of new roles and responsibilities, writing job profiles and developing the transition plan

• Development of training materials and conducting system training

Women’s

Retail

Catalog

Digital